PowerShares QQQ Trust, Series 1 (QQQ) Shares Sold by Partnervest Advisory Services LLC

Partnervest Advisory Services LLC decreased its position in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,032 shares of the exchange traded fund’s stock after selling 830 shares during the quarter. Partnervest Advisory Services LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $784,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in PowerShares QQQ Trust, Series 1 during the 3rd quarter worth approximately $1,471,000. Neuberger Berman Group LLC boosted its stake in PowerShares QQQ Trust, Series 1 by 3.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 99,710 shares of the exchange traded fund’s stock worth $14,503,000 after acquiring an additional 3,135 shares during the last quarter. HWG Holdings LP boosted its stake in PowerShares QQQ Trust, Series 1 by 7,350.6% during the 3rd quarter. HWG Holdings LP now owns 20,191 shares of the exchange traded fund’s stock worth $2,937,000 after acquiring an additional 19,920 shares during the last quarter. Beaton Management Co. Inc. bought a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter worth approximately $745,000. Finally, First Commonwealth Financial Corp PA bought a new position in PowerShares QQQ Trust, Series 1 during the 2nd quarter worth approximately $487,000. 37.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) traded up $2.99 during mid-day trading on Wednesday, reaching $162.68. 52,041,837 shares of the company’s stock traded hands, compared to its average volume of 47,420,000. PowerShares QQQ Trust, Series 1 has a 52-week low of $127.74 and a 52-week high of $170.95.

WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/15/partnervest-advisory-services-llc-has-784000-stake-in-powershares-qqq-trust-series-1-qqq.html.

PowerShares QQQ Trust, Series 1 Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply